The U.S. announced the removal of aluminum tariffs it slapped on Canada last month.
September 15, 2020Search
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WTO: US Tariffs on China Are Illegal
A World Trade Organization panel ruled Sept. 15 that Trump administration tariffs on $200 billion worth of Chinese goods are illegal, vindicating Beijing even if the United States has all but incapacitated the WTO’s ability to hand down a final, binding verdict.
September 15, 2020Industrial Production Growth Slows, Up 0.4% in August
U.S. industrial production slowed to a modest increase of 0.4% in August, far weaker than the strong bounceback recorded in previous months when factories were coming back to life.
September 15, 2020National Average Price of Diesel Sheds 1.3¢ in Second Consecutive Decline
The national average price of diesel dropped 1.3 cents a gallon to $2.422, the Energy Information Administration reported Sept. 14. Diesel costs 56.5 cents a gallon less than it did a year ago after the second straight weekly drop.
September 14, 2020Daimler AG to Pay $1.5 Billion to Settle Emissions Cheating Probes
Automaker Daimler AG and subsidiary Mercedes-Benz USA have agreed to pay $1.5 billion to the U.S. government and California state regulators to resolve emissions cheating allegations, officials said Sept. 14.
September 14, 2020House Aims to Pass Stopgap Government-Funding Bill Week of Sept. 21
The House is aiming to vote the week of Sept. 21 on a stopgap spending bill to keep the government open when the fiscal year ends Oct. 1, Majority Leader Steny Hoyer said.
September 14, 2020House Considers Electric Vehicles Legislation
Senate-passed legislation meant to promote access to electric vehicles around the country will be under consideration before the U.S. House of Representatives this month.
September 14, 2020Hurricane Sally to Hit New Orleans, Alabama Coast
Hurricane Sally will begin hammering the U.S. Gulf Coast with flooding rains late Sept. 14, before making landfall between New Orleans and Mobile, Ala., and potentially causing as much as $3 billion in losses and damage.
September 14, 2020Alabama Awards $1.5 Million for Infrastructure Projects
Leading Alabama officials have announced $1.5 million in funding will be awarded to cities and counties for local road and bridge projects.
September 14, 2020OPEC Forecasts Lower Demand; BP Sees ‘Peak Oil’ in 2020s
Developing countries’ difficulty in containing the spread of the coronavirus pandemic will keep a lid on global oil demand, particularly in India, the OPEC cartel said Sept. 14 as it cut its forecasts.
September 14, 2020